B. Riley Securities Reiterates Buy Rating for ANGX
B. Riley Securities maintains its buy rating on ANGX with a price target of $8.00, a 124.72% upside from the current price.
Key Points
- B. Riley Securities reiterated its buy rating for ANGX, setting a price target of $8.00 on June 30, 2026.
- B. Riley Securities's $8 price target implies 124.72% upside from Angel Studios, Inc.'s ($ANGX) current $3.56 share price.
- ANGX shares traded around $3.56 on Tuesday, with notable insider activity including buys by Steven Sarowitz.
- Institutional investors like Vanguard Capital Management opened new positions, while others like Hudson Bay Capital reduced their holdings.
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B. Riley Securities has reaffirmed its buy rating for ANGX, maintaining a price target of $8.00. This update was announced on June 30, 2026, as analyst Drew Crum continues to express confidence in the company's prospects.
B. Riley Securities vs. the S&P 500
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Other Institutional Activity in ANGX
Several institutional investors have been active in ANGX recently. GIGAFUND MANAGEMENT COMPANY, LLC held steady with 19,459,882 shares valued at approximately $59.35 million. Hudson Bay Capital Management LP reduced its holdings by 1,176,649 shares, ending with 4,117,817 shares worth about $12.56 million, representing a 22.2% decrease. Meanwhile, BlackRock, Inc. added 32,417 shares, bringing its total to 1,318,475 shares valued at roughly $4.02 million, a 2.5% increase. SEPIO CAPITAL, LP increased its position by 46,643 shares to 1,063,835 shares, valued at around $3.24 million, marking a 4.6% increase. Notably, Vanguard Capital Management LLC opened a new position with 936,556 shares valued at approximately $2.86 million.
Angel Studios, Inc. Stock Down 18.2%
On Tuesday, shares of ANGX traded around $3.56. The stock has seen a variety of movements in recent months, with institutional investors making significant changes to their holdings. The company's stock performance is closely watched by analysts and investors alike.
$ANGX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Angel Studios, Inc.
Recent insider activity at ANGX includes several transactions. On May 22, 2026, Robert Gay bought 5,296 shares and sold the same amount on the same day. Earlier, on May 5, 2026, Steven Sarowitz purchased 321,544 shares at an average price of $3.06. Additionally, on April 23, 2026, Sarowitz bought 2,648 shares, while Paul Ahlstrom sold the same amount. Katie Liljenquist also bought 2,648 shares on the same day.
Analysts Set New Price Targets
On June 30, 2026, B. Riley Securities reiterated its buy rating for ANGX with a price target of $8.00. Earlier in the year, on February 25, 2026, the firm had initiated coverage with a buy rating and a $7.00 target. Other firms like Maxim Group and Roth Capital also initiated buy ratings with targets of $9.00, while Lake Street set a higher target of $14.00.
Bottom Line
B. Riley Securities' reiteration of its buy rating with an $8.00 target reflects continued confidence in ANGX's potential. Investors are closely monitoring institutional movements and insider transactions to gauge sentiment. As always, it's important to remember that these ratings are based on past data and may not represent current conditions.
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