Steven Sarowitz Acquires 355,998 Shares of Angel Studios (NYSE:ANGX) Stock

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz purchased 355,998 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average cost of $5.28 per share, with a total value of $1,879,669.44. Following the acquisition, the director directly owned 1,240,841 shares in the company, valued at approximately $6,551,640.48. The trade was a 40.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Angel Studios Price Performance

Shares of ANGX opened at $5.45 on Friday. The company’s 50-day moving average is $4.31 and its 200-day moving average is $3.53. The firm has a market capitalization of $1.02 billion, a PE ratio of -5.86 and a beta of -0.02. Angel Studios, Inc. has a fifty-two week low of $2.05 and a fifty-two week high of $18.90.

Angel Studios (NYSE:ANGX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The company had revenue of $111.71 million for the quarter. Analysts predict that Angel Studios, Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Trading of Angel Studios

A number of institutional investors have recently bought and sold shares of ANGX. AWM Investment Company Inc. bought a new position in shares of Angel Studios during the second quarter worth approximately $1,682,000. Renaissance Technologies LLC bought a new stake in shares of Angel Studios in the first quarter valued at approximately $273,000. Lazard Asset Management LLC bought a new stake in shares of Angel Studios in the first quarter valued at approximately $174,000. AXQ Capital LP acquired a new stake in Angel Studios during the second quarter worth approximately $100,000. Finally, Cetera Investment Advisers grew its position in Angel Studios by 124.0% during the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock worth $77,000 after buying an additional 13,915 shares in the last quarter. Institutional investors own 38.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ANGX. Wall Street Zen raised Angel Studios from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised Angel Studios from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Finally, B. Riley Financial restated a “buy” rating and issued a $8.00 price target (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Angel Studios currently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

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.