Etsy, Inc. (NASDAQ: ETSY) is making headway today with gains upwards of 23% on Tuesday. Etsy released their 13D filings. Comments made by investment firms, Dragoneer Investment Group LLC and TPG Group Holding (SBS) Advisers Inc. have revealed stakes in the company Monday afternoon. As per their press release, “Etsy values constructive engagement with its shareholders and is focused on maximizing value for all shareholders.” It appears that Etsy has a strong belief in sticking to the fundamentals and are confident in significant growth opportunities.
The newly appointed Chief Executive Officer, Josh Silverman, states “We are now reviewing our strategic and operational plans to ensure Etsy is focused on the most value-enhancing near- and long-term opportunities. We will prudently invest in areas that will deliver the greatest returns. At the same time, we see significant opportunities to scale our marketplace business model and drive efficiencies. In everything we do, we will strive for operational excellence and focused execution. I am encouraged by what I have seen and heard from our employees, sellers, buyers, and shareholders. I'm excited to build on Etsy's solid foundation while increasing our focus on areas where we can do better. We look forward to providing additional details when our review is completed."
Given that their last reported earnings showed a net loss of 135% for Q1 of 2017, sticking to the fundamentals may help resuscitate the stock after shares took a nose dive back in July 2015.