Angel Studios (NYSE:ANGX) Stock Price Up 7.7% – Here’s What Happened

Angel Studios, Inc. (NYSE:ANGX) was up 7.7% on Friday . The company traded as high as $3.15 and last traded at $3.1550. Approximately 332,146 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 1,123,383 shares. The stock had previously closed at $2.93.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ANGX. Wall Street Zen upgraded shares of Angel Studios from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Angel Studios in a research note on Wednesday. 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.25.

Angel Studios Stock Up 6.9%

The company has a market cap of $583.65 million, a P/E ratio of -4.18 and a beta of 0.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.59 and a quick ratio of 0.59. The business’s 50 day moving average price is $2.82 and its 200-day moving average price is $3.55.

Angel Studios (NYSE:ANGX) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $115.11 million for the quarter. On average, analysts anticipate that Angel Studios, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Steven I. Sarowitz purchased 321,544 shares of Angel Studios stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average price of $3.06 per share, for a total transaction of $983,924.64. Following the transaction, the director directly owned 326,840 shares in the company, valued at approximately $1,000,130.40. This represents a 6,071.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 30.10% of the stock is owned by corporate insiders.

Institutional Trading of Angel Studios

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in shares of Angel Studios in the first quarter valued at approximately $273,000. Cetera Investment Advisers lifted its holdings in Angel Studios by 124.0% during 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. EverSource Wealth Advisors LLC boosted its position in Angel Studios by 77.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock valued at $27,000 after buying an additional 3,793 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Angel Studios in the 1st quarter valued at $174,000. 38.57% of the stock is owned by institutional investors.

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.