Angel Studios (NYSE:ANGX) Shares Up 11.9% – What’s Next?

Angel Studios, Inc. (NYSE:ANGX)’s share price shot up 11.9% during trading on Thursday . The stock traded as high as $2.95 and last traded at $2.9870. 609,656 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 1,116,813 shares. The stock had previously closed at $2.67.

Wall Street Analyst Weigh In

Several research firms have commented on ANGX. Wall Street Zen upgraded Angel Studios from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. B. Riley Financial began coverage on Angel Studios in a research report on Wednesday, February 25th. They issued a “buy” rating and a $7.00 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Angel Studios in a research report on Friday, March 27th. Finally, Texas Capital upgraded Angel Studios to a “strong-buy” rating in a research report on Tuesday, February 24th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.25.

Angel Studios Stock Performance

The business’s 50 day simple moving average is $2.76. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $513.57 million, a PE ratio of -3.67 and a beta of 0.05.

Angel Studios (NYSE:ANGX) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.03. The firm had revenue of $115.11 million during the quarter. On average, equities analysts predict that Angel Studios, Inc. will post -0.42 EPS for the current fiscal year.

Insider Activity

In related news, Director Steven I. Sarowitz bought 321,544 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was acquired at an average cost of $3.06 per share, with a total value of $983,924.64. Following the purchase, the director directly owned 326,840 shares of the company’s stock, valued at $1,000,130.40. The trade was a 6,071.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 30.10% of the stock is owned by company insiders.

Institutional Trading of Angel Studios

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Angel Studios by 77.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock worth $27,000 after acquiring an additional 3,793 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Angel Studios by 124.0% in the 1st quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock worth $77,000 after acquiring an additional 13,915 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Angel Studios in the 1st quarter worth $174,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Angel Studios in the 1st quarter worth $273,000. 38.57% of the stock is owned by institutional investors and hedge funds.

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.