B. Riley Securities Reaffirms Buy Rating on Angel Studios, Inc. (ANGX)
B. Riley Securities maintains its buy rating for Angel Studios with an $8 price target, a 117.98% upside from the current price.
Key Points
- B. Riley Securities reiterated its buy rating for Angel Studios, Inc. (NYSE:ANGX) with a price target of $8 on June 30, 2026.
- B. Riley Securities's $8 price target implies 117.98% upside from Angel Studios, Inc.'s ($ANGX) current $3.67 share price.
- Shares of ANGX traded at $3.56 on Wednesday, with a market cap of approximately $684.1 million and a forward P/E of -10.19.
- Insider Steven Sarowitz acquired 321,544 shares at $3.06, while institutional investors like Vanguard Capital opened new positions.
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On June 30, 2026, B. Riley Securities reiterated its buy rating on Angel Studios, Inc. (NYSE:ANGX), maintaining a price target of $8. This comes as the stock traded at $3.56 on Wednesday.
B. Riley Securities vs. the S&P 500
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What Changed in B. Riley Securities' Angel Studios Position
B. Riley Securities has reaffirmed its positive outlook on Angel Studios by maintaining a buy rating and setting an $8 price target. This reiteration suggests continued confidence in the company's prospects.
Other Institutional Activity in Angel Studios
Several institutional investors have adjusted their positions in Angel Studios. Vanguard Capital Management LLC opened a new position with 936,556 shares valued at about $2.86 million. Meanwhile, Hudson Bay Capital Management LP reduced its holdings by 1,176,649 shares, marking a 22.2% decrease, ending with 4,117,817 shares worth $12.56 million. BlackRock, Inc. grew its holdings by 32,417 shares, now holding 1,318,475 shares valued at approximately $4.02 million. Additionally, Sepio Capital, LP increased its stake by 46,643 shares, totaling 1,063,835 shares worth $3.24 million.
Angel Studios, Inc. Stock Down 15.6%
Shares of Angel Studios, Inc. (NYSE:ANGX) traded near $3.56 on Wednesday. The company has a market cap of around $684.1 million and a forward P/E ratio of -10.19, indicating it is currently not profitable. With a beta of 0.062, the stock has shown low volatility compared to the market. The 52-week range for the stock is between $2.04 and $20.39, with a 50-day moving average of $2.86 and a 200-day moving average of $4.48.
$ANGX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Angel Studios reported revenue of $389.2 million, reflecting a growth of 1.426%. However, the company has a net margin of -37.76%, indicating it is not yet profitable. The next earnings report is scheduled for August 11, 2026.
Insider Buying and Selling at Angel Studios, Inc.
Insider activity at Angel Studios has been notable. On May 5, 2026, Steven Sarowitz purchased 321,544 shares at an average price of $3.06. Additionally, on April 23, 2026, Katie Liljenquist bought 2,648 shares, and Paul Ahlstrom sold the same amount on the same day. Robert Gay also made transactions on May 22, 2026, buying and selling 5,296 shares.
Analysts Set New Price Targets
On June 30, 2026, B. Riley Securities reiterated its buy rating on Angel Studios with a price target of $8. Earlier in the year, the firm had initiated coverage with a buy rating and a $7 target on February 25. Other analysts, including those from Maxim Group and Roth Capital, have also rated the stock as a buy, with price targets of $9.
About Angel Studios, Inc.
Angel Studios, Inc. is a media and technology company based in Provo, Utah. It produces and distributes films and series, offering content through its streaming platform. The company also sells merchandise and provides licensing services. Founded in 2013 and led by CEO Neal S. Harmon, Angel Studios employs around 290 people.
Bottom Line
B. Riley Securities' continued buy rating on Angel Studios suggests confidence in the company's potential despite current profitability challenges. Investors often track such analyst ratings for insights into future performance. As always, it's important to remember that analyst ratings are one of many tools investors use, and they reflect a point in time analysis.
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