Angel Studios (NYSE:ANGX) Stock Falls 3.8% – Time to Sell?

Shares of Angel Studios, Inc. (NYSE:ANGX) dropped 3.8% during mid-day trading on Tuesday. The company traded as low as $3.36 and last traded at $3.3950. 102,259 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 1,322,339 shares. The stock had previously closed at $3.53.

Wall Street Analysts Forecast Growth

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

Angel Studios Stock Performance

The firm has a market capitalization of $650.86 million, a PE ratio of -3.75 and a beta of -0.03. The company’s 50-day moving average price is $4.48 and its 200-day moving average price is $3.66.

Angel Studios (NYSE:ANGX) last issued its earnings results on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The firm had revenue of $111.71 million for 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 Angel Studios news, Director Steven Sarowitz purchased 88,647 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was bought at an average cost of $5.33 per share, with a total value of $472,488.51. Following the acquisition, the director directly owned 1,329,488 shares of the company’s stock, valued at approximately $7,086,171.04. This represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey Harmon purchased 51,380 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were acquired at an average cost of $4.26 per share, with a total value of $218,878.80. Following the completion of the acquisition, the insider directly owned 256,404 shares in the company, valued at $1,092,281.04. The trade was a 25.06% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 1,219,101 shares of company stock worth $5,560,239. 30.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. WealthPlan Investment Management LLC acquired a new stake in shares of Angel Studios during the 3rd quarter worth about $47,000. Mirador Capital Partners LP purchased a new stake in Angel Studios during the third quarter worth approximately $83,000. CX Institutional purchased a new stake in Angel Studios during the third quarter worth approximately $172,000. AXQ Capital LP acquired a new position in Angel Studios in the second quarter valued at approximately $100,000. Finally, AWM Investment Company Inc. acquired a new position in Angel Studios in the second quarter valued at approximately $1,682,000. Hedge funds and other institutional investors own 38.57% of the company’s stock.

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.