Angel Studios (NYSE:ANGX) Stock Falls 6.1% – What’s Next?

Angel Studios, Inc. (NYSE:ANGX) shares fell 6.1% during trading on Thursday. The stock traded as low as $4.35 and last traded at $4.3840. 307,574 shares traded hands during trading, a decline of 76% from the average session volume of 1,302,037 shares. The stock had previously closed at $4.67.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. B. Riley Financial raised their price objective on shares of Angel Studios from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, September 18th. Wall Street Zen raised Angel Studios from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded Angel Studios from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.75.

Angel Studios Stock Performance

The firm has a market capitalization of $821.18 million, a PE ratio of -4.74 and a beta of -0.02. The company’s 50-day moving average price is $4.56 and its 200-day moving average price is $3.61.

Angel Studios (NYSE:ANGX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $111.71 million during the quarter. As a group, analysts anticipate that Angel Studios, Inc. will post -0.37 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey Harmon purchased 51,380 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average price of $4.26 per share, for a total transaction of $218,878.80. Following the purchase, the insider directly owned 256,404 shares of the company’s stock, valued at $1,092,281.04. This represents a 25.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven I. Sarowitz acquired 88,647 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was purchased at an average cost of $5.33 per share, with a total value of $472,488.51. Following the completion of the acquisition, the director directly owned 1,329,488 shares of the company’s stock, valued at approximately $7,086,171.04. This trade represents a 7.14% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 1,219,101 shares of company stock valued at $5,560,239. 30.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Angel Studios

Institutional investors and hedge funds have recently made changes to their positions in the business. AWM Investment Company Inc. purchased a new position in shares of Angel Studios during the second quarter worth about $1,682,000. Renaissance Technologies LLC acquired a new position in shares of Angel Studios in the first quarter valued at approximately $273,000. Lazard Asset Management LLC purchased a new stake in shares of Angel Studios during the first quarter worth approximately $174,000. Hardin Capital Partners LLC lifted its holdings in shares of Angel Studios by 19.8% during the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company’s stock worth $111,000 after purchasing an additional 5,000 shares during the period. Finally, AXQ Capital LP purchased a new position in Angel Studios in the 2nd quarter valued at $100,000. 38.57% of the stock is owned by hedge funds and other institutional investors.

About Angel Studios

Angel Studios, Inc is a media and entertainment company that develops, produces, distributes and licenses film and television content. The company uses a community-driven model through the Angel Guild, whose members help guide content decisions, and focuses on stories intended to “amplify light.” Angel Studios generates revenue from Guild memberships, theatrical releases, content licensing, merchandise, and its Pay It Forward model.

Angel Studios became publicly traded on the New York Stock Exchange under the ticker symbol ANGX in September 2025 following its business combination with Southport Acquisition Corporation, a special purpose acquisition company.