Angel Studios (NYSE:ANGX) Shares Gap Down – Here’s What Happened

Angel Studios, Inc. (NYSE:ANGX)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $4.46, but opened at $4.10. Angel Studios shares last traded at $4.01, with a volume of 502,671 shares traded.

Analyst Upgrades and Downgrades

ANGX has been the topic of a number of recent analyst reports. Wall Street Zen raised Angel Studios from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Angel Studios in a research note on Wednesday, June 24th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $8.00 target price (up from $7.00) on shares of Angel Studios in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Angel Studios Stock Down 4.7%

The firm has a market capitalization of $792.24 million, a P/E ratio of -5.67 and a beta of -0.02. The company’s 50 day moving average is $3.52 and its 200-day moving average is $3.39.

Angel Studios (NYSE:ANGX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. The company had revenue of $111.71 million during the quarter. On average, analysts predict that Angel Studios, Inc. will post -0.39 EPS for the current fiscal year.

Institutional Trading of Angel Studios

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANGX. Renaissance Technologies LLC acquired a new position in Angel Studios during the 1st quarter worth approximately $273,000. Lazard Asset Management LLC bought a new position in Angel Studios in the first quarter worth approximately $174,000. Hardin Capital Partners LLC grew its stake in Angel Studios by 19.8% in the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company’s stock valued at $111,000 after acquiring an additional 5,000 shares during the period. Cetera Investment Advisers grew its stake in Angel Studios by 124.0% in the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock valued at $77,000 after acquiring an additional 13,915 shares during the period. Finally, Whitcomb & Hess Inc. bought a new stake in shares of Angel Studios during the second quarter valued at approximately $49,000. 38.57% of the stock is owned by institutional investors.

Angel Studios Company Profile

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.