Angel Studios (NYSE:ANGX) Shares Gap Down – Here’s What Happened

Angel Studios, Inc. (NYSE:ANGX) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.46, but opened at $4.10. Angel Studios shares last traded at $4.01, with a volume of 502,671 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ANGX shares. B. Riley Financial reaffirmed a “buy” rating and issued a $8.00 price objective (up from $7.00) on shares of Angel Studios in a report on Tuesday, June 30th. Wall Street Zen upgraded shares of Angel Studios from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Angel Studios in a report on Wednesday, June 24th. One investment 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 data from MarketBeat.com, Angel Studios presently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Angel Studios Price Performance

The company has a 50-day simple moving average of $3.58 and a two-hundred day simple moving average of $3.39. The stock has a market capitalization of $803.05 million, a price-to-earnings ratio of -4.63 and a beta of -0.02.

Angel Studios (NYSE:ANGX) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. The firm had revenue of $111.71 million for the quarter. Research analysts anticipate that Angel Studios, Inc. will post -0.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ANGX. EverSource Wealth Advisors LLC increased its stake in shares of Angel Studios by 77.0% in the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock valued at $27,000 after purchasing an additional 3,793 shares during the period. Hardin Capital Partners LLC boosted its position in shares of Angel Studios by 19.8% during 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 period. Whitcomb & Hess Inc. bought a new position in Angel Studios in the 2nd quarter worth approximately $49,000. Cetera Investment Advisers grew its holdings in 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 buying an additional 13,915 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Angel Studios in the 1st quarter valued at approximately $174,000. 38.57% of the stock is owned by institutional investors and hedge funds.

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.