Angel Studios (NYSE:ANGX) Trading 6.9% Higher – Here’s What Happened

Shares of Angel Studios, Inc. (NYSE:ANGX) traded up 6.9% on Monday . The company traded as high as $4.36 and last traded at $4.3940. 722,170 shares traded hands during trading, a decline of 38% from the average session volume of 1,159,424 shares. The stock had previously closed at $4.11.

Analyst Upgrades and Downgrades

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

Angel Studios Price Performance

The company has a market cap of $823.00 million, a price-to-earnings ratio of -5.89 and a beta of -0.01. The company’s 50-day simple moving average is $3.18 and its 200-day simple moving average is $3.41.

Angel Studios (NYSE:ANGX) last posted its earnings results on Thursday, April 30th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The firm had revenue of $115.11 million for the quarter. Equities analysts predict that Angel Studios, Inc. will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling at Angel Studios

In other Angel Studios news, Director Steven I. Sarowitz bought 321,544 shares of the stock in a transaction dated Tuesday, May 5th. The stock was bought at an average cost of $3.06 per share, for a total transaction of $983,924.64. Following the completion of the purchase, the director directly owned 326,840 shares of the company’s stock, valued at approximately $1,000,130.40. The trade was a 6,071.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 30.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in Angel Studios during the 1st quarter worth approximately $273,000. Lazard Asset Management LLC purchased a new position in shares of Angel Studios during the 1st quarter valued at approximately $174,000. Cetera Investment Advisers boosted its stake in shares of Angel Studios by 124.0% during the 1st quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock valued at $77,000 after buying an additional 13,915 shares during the last quarter. Whitcomb & Hess Inc. acquired a new stake in shares of Angel Studios during the second quarter worth approximately $49,000. Finally, Hardin Capital Partners LLC increased its stake in shares of Angel Studios by 19.8% in the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company’s stock worth $111,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 38.57% of the company’s stock.

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.