Why These 5 Stocks Are Moving on Monday

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1. Etsy Inc (NASDAQ:ETSY) has surged 4.9% following the company’s strong Q4 results. The company posted an EPS of $1.11, beating the analysts’ estimate by 34 cents. Etsy Inc (NASDAQ:ETSY) reported a growth of 17.6% in its active buyer base from the prior-year quarter. As of Q4, the company’s active seller base was recorded at 7.5 million, an increase of 72.3% YOY. Moreover, Ygal Arounian of Wedbush reiterated an Outperform rating on the stock with a price target of $185.  Of the 924 hedge funds tracked by Insider Monkey at the end of Q4, 47 elite funds reported owning a stake in Etsy Inc (NASDAQ:ETSY).

You can also take a peek at the 10 EV Charging Stocks to Buy Now and 10 Smart Home Technology Stocks To Buy Today.

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