KIT digital (KITD) Shares Rip as Firm Says Sale Might Be 'Underway'

Shares of KIT digital (Nasdaq: KITD) are surging Thursday amid bullish comments from analyst firm Roth Capital.

The firm's Richard Ingrassia recently spoke with management and performed independent checks, saying a sale of the company might already be underway.

Potential bidders include private equity, IBM (NYSE: IBM), Cisco (Nasdaq: CSCO), Accenture (NYSE: ACN), SeaChange (Nasdaq: SEAC), Alcatel-Lucent (NYSE: ALU), Booz Allen (NYSE: BAH), Arris, Harris, Akamai (Nasdaq: AKAM), or possibly a slew of others.

Roth said recent resignations from KIT digital's board might indicate some "house cleaning" ahead of a deal.

The firm maintains a Buy rating and $25 price target on KIT digital.

Shares of KIT are up 12.3 percent to $7.31 amid the report.

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