NEW YORK (TheStreet) -- eBay(EBAY) - Get Report shares are declining 0.61% to $26.04 on Thursday morning after analysts at Cantor Fitzgerald downgraded the company to "hold" from "buy" and lowered their price target to $27 from $72.

Analysts cited slowing growth of the company after the spin-off of PayPal(PYPL) - Get Report.

In addition, security breach and search engine optimization changes at Google(GOOGL) - Get Report is weighing down on the gross merchandise value growth, the firm stated.

On top of these pressures, analysts said eBay's turnaround "remains a work-in-progress as evidenced by July and August's same-store-sales data," as the growth is lagging behind the growth rate of general e-commerce, according to the firm's note.

Based in San Jose, CA, eBay operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the U.S. and internationally.

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