Insider Buying: Angel Studios (NYSE:ANGX) Insider Buys $729,096.00 in Stock

Angel Studios, Inc. (NYSE:ANGX) insider Jeffrey Harmon bought 178,700 shares of the stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of $4.08 per share, for a total transaction of $729,096.00. Following the completion of the acquisition, the insider directly owned 205,024 shares of the company’s stock, valued at approximately $836,497.92. This trade represents a 678.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey Harmon also recently made the following trade(s):

• On Friday, August 14th, Jeffrey Harmon purchased 51,380 shares of Angel Studios stock. The stock was bought at an average price of $4.26 per share, with a total value of $218,878.80.

Angel Studios Trading Down 5.1%

Shares of ANGX stock opened at $4.61 on Thursday. The stock has a market cap of $860.03 million, a P/E ratio of -4.95 and a beta of -0.02. Angel Studios, Inc. has a 1 year low of $2.05 and a 1 year high of $20.39. The stock has a 50 day simple moving average of $3.85 and a 200 day simple moving average of $3.39.

Angel Studios (NYSE:ANGX) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The company had revenue of $111.71 million for the quarter. Analysts forecast that Angel Studios, Inc. will post -0.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ANGX shares. Wall Street Zen raised Angel Studios from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Angel Studios in a research note on Wednesday, June 24th. Finally, B. Riley Financial reissued 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 investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

Institutional Investors Weigh In On Angel Studios

A number of large investors have recently modified their holdings of ANGX. EverSource Wealth Advisors LLC raised its holdings in shares of Angel Studios by 77.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock worth $27,000 after buying an additional 3,793 shares in the last quarter. OneAscent Financial Services LLC acquired a new stake in Angel Studios in the second quarter valued at about $41,000. Whitcomb & Hess Inc. acquired a new stake in Angel Studios in the second quarter valued at about $49,000. Cetera Investment Advisers grew its position 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 last quarter. Finally, Hardin Capital Partners LLC grew its position 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 last quarter. Institutional investors and hedge funds 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.